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Presidential Address: Industry Location, Economic Development Incentives, and Clusters

Author

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  • Woodward, Douglas P.

    (South Carolina State University)

Abstract

In his Presidential Address, Professor Woodward uses South Carolina’s economic development experience as a case study of significant challenges in regional development. The state has re-industrialized and emerged as a leader in attracting capital investment through generous financial incentives, after watching the demise of its major industry cluster (textiles and apparel) since the 1970s. The address argues that regional science research continues to advance our understanding of regional policies promoting industrial location. He urges caution regarding development incentives as a regional strategy. Instead, emerging research suggests that stronger agglomeration and cluster-based strategies are better suited to promote contemporary economic development.

Suggested Citation

  • Woodward, Douglas P., 2012. "Presidential Address: Industry Location, Economic Development Incentives, and Clusters," The Review of Regional Studies, Southern Regional Science Association, vol. 42(1), pages 5-23, Spring.
    • Handle: RePEc:rre:publsh:v:42:y:2012:i:1:p:5-23
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    References listed on IDEAS

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    3. Josep‐Maria Arauzo‐Carod & Daniel Liviano‐Solis & Miguel Manjón‐Antolín, 2010. "Empirical Studies In Industrial Location: An Assessment Of Their Methods And Results," Journal of Regional Science, Wiley Blackwell, vol. 50(3), pages 685-711, August.
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    6. Delgado, Mercedes & Porter, Michael E. & Stern, Scott, 2014. "Clusters, convergence, and economic performance," Research Policy, Elsevier, vol. 43(10), pages 1785-1799.
    7. Ellison, Glenn & Glaeser, Edward L, 1997. "Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 889-927, October.
    8. Coughlin, Cletus C & Terza, Joseph V & Arromdee, Vachira, 1991. "State Characteristics and the Location of Foreign Direct Investment within the United States," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 675-683, November.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Leonel Jorge Ribeiro Nunes & Radu Godina & João Carlos de Oliveira Matias, 2019. "Technological Innovation in Biomass Energy for the Sustainable Growth of Textile Industry," Sustainability, MDPI, vol. 11(2), pages 1-12, January.
    2. Christa D. Court & Elham Erfanian, 2019. "A Role for Regional Science in Analyzing Water Issues," Working Papers Research Paper 2019-04, Regional Research Institute, West Virginia University.
    3. Court, Christa Dean & Jackson, Randall W. & White, Nancy, 2012. "The Role of Regional Science in Shale Energy Development," The Review of Regional Studies, Southern Regional Science Association, vol. 42(2), pages 99-105, Summer.

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    More about this item

    Keywords

    economic development; industry location; incentives;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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